Türkiye İş Gücü Piyasasi Dinamiklerinin Yapisal Vektör Hata Düzeltme Modeli (SVECM) İle Analizi
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Note: [English Title] The Analysis of Turkish Labor Market with Structural Vector Error Correction Model (SVECM) [English Abstract] This paper analyses dynamics in Turkish labor market by using a small macroeconomic model and cointegration approach. Data set include quarterly data for employment, productivity, real wages and cover 1988:1-2012:2 periods. Results show that real wages are key variable in Turkish labor market and there are a weak link between real wages and productivity and the rigidities in employment in the market. Thus, flexibility in wages is very important for efficiency of Turkish labor market. [English Keywords] Labor Market, Cointegration, SVECM
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Keywords
İş Gücü Piyasası; Eş Bütünleşme; SVECM;All these keywords.
JEL classification:
- J01 - Labor and Demographic Economics - - General - - - Labor Economics: General
- C50 - Mathematical and Quantitative Methods - - Econometric Modeling - - - General
- E24 - Macroeconomics and Monetary Economics - - Consumption, Saving, Production, Employment, and Investment - - - Employment; Unemployment; Wages; Intergenerational Income Distribution; Aggregate Human Capital; Aggregate Labor Productivity
NEP fields
This paper has been announced in the following NEP Reports:- NEP-ARA-2014-08-28 (MENA - Middle East and North Africa)
- NEP-CWA-2014-08-28 (Central and Western Asia)
- NEP-MAC-2014-08-28 (Macroeconomics)
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